The financial health of the Home Equity Conversion Mortgage (HECM) portfolio improved dramatically over the past year, ending Fiscal Year 2019 with a negative stand-alone capital ratio of … more FHA Actuarial Report: Economic Value of HECM Improves By $7.7 Billion
HUD
DAS Gisele Roget Leaving HUD
Deputy Assistant Secretary for Single Family Housing Gisele Roget announced her departure from the Department of Housing and Urban Development effective Friday, November 8, to take over as … more DAS Gisele Roget Leaving HUD
Academics Offer Solutions for Improving Reverse Mortgage Appeal
The Brookings Institution, in partnership with the Kellogg School of Management at Northwestern University, hosted a public forum in Washington, DC this week that featured two prominent reverse … more Academics Offer Solutions for Improving Reverse Mortgage Appeal
HUD, DOJ Sign False Claims Act Memorandum
Housing Secretary Dr. Ben Carson and U.S. Attorney General William Barr issued a Memorandum of Understanding (MOU) between the two agencies this week that establishes new guidance on … more HUD, DOJ Sign False Claims Act Memorandum
Important Update on FHA Annual Certification
The Department of Housing and Urban Development plans on publishing a notice on Friday, October 25, in the Federal Register notifying FHA-approved lenders that the revised FHA annual certification … more Important Update on FHA Annual Certification
HUD Webinars to Help Implement Condo Project Approval Final Rule
The Federal Housing Administration last week introduced training materials to assist mortgagees and other stakeholders with the implementation of the Condominium (Condo) Project Approval Final Rule and updates … more HUD Webinars to Help Implement Condo Project Approval Final Rule
President To Nominate Montgomery As Next Deputy HUD Secretary
President Trump announced this week that he will nominate current Assistant Secretary of Housing/Federal Housing Administration Commissioner Brian Montgomery to be the next Deputy Secretary of the U.S. … more President To Nominate Montgomery As Next Deputy HUD Secretary
Health of HECM Continues To Improve
In its FY2019 Q3 report to Congress on the financial state of the Mutual Mortgage Insurance Fund, the Department of Housing and Urban Development reported credit subsidy rates … more Health of HECM Continues To Improve
Key HECM Regulations and Resource Materials
The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.
FHA Publishes Implementation Requirements for Condo Units
The Federal Housing Administration published Mortgagee Letter 2019-17 on September 27, which outlines the updated origination requirements for Home Equity Conversion Mortgages in condominium projects in accordance with … more FHA Publishes Implementation Requirements for Condo Units